FY2025 EPS Estimates for AutoZone Cut by William Blair

AutoZone, Inc. (NYSE:AZO) – William Blair cut their FY2025 earnings per share (EPS) estimates for shares of AutoZone in a report issued on Tuesday, December 10th. William Blair analyst P. Blee now expects that the company will post earnings per share of $152.93 for the year, down from their previous estimate of $154.26. The consensus estimate for AutoZone’s current full-year earnings is $154.29 per share.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the business earned $32.55 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets began coverage on shares of AutoZone in a research report on Friday. They set an “outperform” rating and a $3,700.00 price objective on the stock. Wells Fargo & Company increased their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday. BNP Paribas raised AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. Roth Mkm reissued a “buy” rating and issued a $3,634.00 target price on shares of AutoZone in a report on Wednesday, October 16th. Finally, Wedbush restated an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3,360.47.

AutoZone Stock Up 0.9 %

Shares of NYSE AZO opened at $3,370.27 on Friday. The firm’s 50-day moving average price is $3,155.07 and its 200-day moving average price is $3,066.94. AutoZone has a 52-week low of $2,510.00 and a 52-week high of $3,416.71. The company has a market cap of $56.97 billion, a PE ratio of 22.52, a PEG ratio of 1.73 and a beta of 0.71.

Insider Activity at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of AutoZone stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the sale, the vice president now owns 1,218 shares in the company, valued at $3,785,166.42. This trade represents a 56.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman William C. Rhodes III sold 13,000 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the completion of the transaction, the chairman now directly owns 13,857 shares in the company, valued at $43,055,777.55. This trade represents a 48.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,880 shares of company stock worth $46,225,660. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AutoZone

Several large investors have recently made changes to their positions in AZO. International Assets Investment Management LLC lifted its position in AutoZone by 354,692.5% during the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after purchasing an additional 993,139 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in AutoZone in the second quarter worth about $424,000. Baillie Gifford & Co. raised its position in AutoZone by 2,714.8% during the second quarter. Baillie Gifford & Co. now owns 120,194 shares of the company’s stock valued at $356,267,000 after purchasing an additional 115,924 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of AutoZone by 186.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after purchasing an additional 60,483 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in AutoZone by 319.0% during the 2nd quarter. Squarepoint Ops LLC now owns 36,225 shares of the company’s stock valued at $107,375,000 after buying an additional 27,580 shares during the period. 92.74% of the stock is owned by institutional investors.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.